Tonight, Thursday night, was the pinnacle of the earnings season, with AMZN and AAPL reporting (along with hundreds of other smaller companies). The NQ had a brief surge near the end of Thursday, but it didn’t last.
Give Me a Break!
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Thanks, Kyle!
One of the benefits of having grateful readers. Thank you, Kyle in Colorado Springs!
Un-American
Those of you who have read my work probably have a decent sense as to my personal history and my own disposition. I’m not that old, and my maturity is anchored at around age 17 or so. However, my values are really old fashioned: I was an Eagle Scout. Worked hard from age 13 forward. Industrious and ambitious. Married my childhood crush. Had kids. Served the family above all else. The whole schmear.
I was also a patriot, almost to the point of jingoism. I loved images of Washington, D.C. I read the entire Declaration of Independence to myself every 4th of July. As a little boy, I would put on the actual army hat of Captain Knight, my father, who was in the Korean War. I loved America about as much as I believed possible. My adoration of Ronald Reagan won me no friends during my college years.
(more…)Spare a Quid, Guv’ner?
It is typically the nature of leveraged instruments to get completely warped and distorted from their underlying basis. Look no further than USO for screeching evidence of that. Sometimes, however, leveraged instruments seem to follow the rules of charting even better than most “normal” instruments.
Take QID, for example. This is the ultrashort based on the QQQ. It has, naturally, eroded severely over the years, falling from almost $8,000 to a mere $16 recently. In spite of this, it is following trendlines magnificently.
Powell is the Anti-Christ
The original title was going to be “Five Morning Winners’, but it’s so ghastly boring. Incidentally, I did work on one of my “inspired” posts last night and I’ll publish it this afternoon. I’m too eager to get it out there, so I’m not going to wait until Saturday.
Anyway, here are my five best cash winners on the short side this morning:
